The NBA Board of Governor's meeting will take place Thursday and Friday at the St. Regis Hotel just off 5th Avenue in Manhatten.

During that meeting, the NBA has said it hopes to resolve disagreements over who is responsible for the pre-development costs of a new arena in Sacramento.

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It was during last year's Board of Governor's meeting that Mayor Kevin Johnson stood before all of the NBA team owners convincing the league to keep the Kings in Sacramento.

This year, the Maloofs will present an update on the arena negotiations to the Board of Governors, spelling out what they call "unresolved issues" with the deal.

Sources with the NBA have said the Maloofs will be having that conversation with the other team owners Thursday afternoon, the first day in a two day meeting.

Harvey Englander, who is acting as the Maloofs' spokesman, said the Maloofs have three main concerns: the pre-development costs, the Maloofs say they shouldn't be responsible for pre-development expenses since the team will only be a tenant in the arena, the length of the deal stipulating a 30-year lease of the arena, and an uncertainty the city will be able to complete the arena by 2015.

The city disputes the Maloofs' concerns.

Sources with the NBA said it's unlikely the NBA will resolve the issue before Friday.

Sources said a likely concern on the other NBA team owners mind could be how a snag in the Sacramento arena deal could negatively impact the other 29 teams in the league.

Sources also said speculation about a possible take-over of the Kings by the NBA is highly unlikely because the Maloofs haven't broken any NBA rules and are not clearly unable to financially support the team.

Sources said the NBA hopes a discussion among owners will put the Sacramento arena deal back on track, which could mean the Maloofs agreeing to pay the pre-development costs lined out in the term sheet for the arena, but not necessarily.

If no resolution is reached, sources said it's possible the owners could direct the NBA to advance additional dollars to Sacramento while the Maloofs, the NBA and the city continue to negotiate.

There are several other topics up for discussion during the two-day meeting.

Sources said the Board of Governors is expected to address the upcoming move of the New Jersey Nets to Brooklyn.

The Board of Governors has not formally voted on it.

The owners are also expected to consider the possibility of making money by allowing sponsors to place logos on team jerseys.

Sources also said the Board will discuss how the collective bargaining agreement reached late last year with players is working so far.